PROGOMA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PROGOMA
Largest movements
- Current investments +€243,440
up €243,440 (+152%), from €159,761 to €403,201
- Receivables within one year +€75,958
up €75,958 (+1,514%), from €5,018 to €80,976
of which Other amounts receivable: +€77,791
- Tangible fixed assets +€39,651
up €39,651 (+93.1%), from €42,602 to €82,253
of which Furniture and vehicles: +€20,502
- Contributions +€325,000
up €325,000 (+186%), from €175,000 to €500,000
- Debts after one year +€13,105
new in 2025: €13,105
- Other debts +€9,588
up €9,588 (+160%), from €6,000 to €15,588
- Depreciation +€15,444
up €15,444 (+72.1%), from €21,434 to €36,878
- Financial income +€4,542
up €4,542 (+28,388%), from €16 to €4,558
- Gross operating margin -€3,557
down €3,557 (-7.5%), from €47,307 to €43,750
- Other operating charges +€1,747
up €1,747 (+415%), from €421 to €2,168
- Taxes -€1,357
down €1,357 (-35.2%), from €3,855 to €2,498
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,827 | €573,206 | +€364,379 | +174% |
| Fixed assets | 21/28 | €42,602 | €82,253 | +€39,651 | +93.1% |
| Tangible fixed assets | 22/27 | €42,602 | €82,253 | +€39,651 | +93.1% |
| Plant, machinery and equipment | 23 | €7,099 | €26,248 | +€19,149 | +270% |
| Furniture and vehicles | 24 | €35,503 | €56,005 | +€20,502 | +57.7% |
| Current assets | 29/58 | €166,225 | €490,953 | +€324,728 | +195% |
| Amounts receivable within one year | 40/41 | €5,018 | €80,976 | +€75,958 | +1,514% |
| Trade receivables | 40 | €1,833 | - | -€1,833 | |
| Other amounts receivable | 41 | €3,185 | €80,976 | +€77,791 | +2,442% |
| Current investments | 50/53 | €159,761 | €403,201 | +€243,440 | +152% |
| Cash at bank and in hand | 54/58 | €1,446 | €6,776 | +€5,330 | +369% |
| Total equity and liabilities | 10/49 | €208,827 | €573,206 | +€364,379 | +174% |
| Equity | 10/15 | €196,557 | €527,261 | +€330,704 | +168% |
| Contributions | 10/11 | €175,000 | €500,000 | +€325,000 | +186% |
| Profit (loss) carried forward | 14 | €21,557 | €27,261 | +€5,704 | +26.5% |
| Amounts payable | 17/49 | €12,270 | €45,945 | +€33,675 | +274% |
| Amounts payable after more than one year | 17 | - | €13,105 | +€13,105 | |
| Financial debts | 170/4 | - | €13,105 | +€13,105 | |
| Amounts payable within one year | 42/48 | €12,250 | €32,840 | +€20,590 | +168% |
| Current portion of amounts payable after more than one year | 42 | - | €4,729 | +€4,729 | |
| Trade debts | 44 | €2,400 | €5,977 | +€3,577 | +149% |
| Suppliers | 440/4 | €2,400 | €5,977 | +€3,577 | +149% |
| Taxes, remuneration and social security | 45 | €3,850 | €6,546 | +€2,696 | +70.0% |
| Taxes | 450/3 | €3,850 | €6,546 | +€2,696 | +70.0% |
| Other amounts payable | 47/48 | €6,000 | €15,588 | +€9,588 | +160% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,434 | €36,878 | +€15,444 | +72.1% |
| Other operating charges | 640/8 | €421 | €2,168 | +€1,747 | +415% |
| Gross operating margin | 9900 | €47,307 | €43,750 | -€3,557 | -7.5% |
| Operating profit (loss) | 9901 | €25,452 | €4,704 | -€20,748 | -81.5% |
| Financial income | 75/76B | €16 | €4,558 | +€4,542 | +28,388% |
| Recurring financial income | 75 | €16 | €4,558 | +€4,542 | +28,388% |
| Financial charges | 65/66B | €56 | €1,060 | +€1,004 | +1,793% |
| Recurring financial charges | 65 | €56 | €1,060 | +€1,004 | +1,793% |
| Profit (loss) for the period before taxes | 9903 | €25,412 | €8,202 | -€17,210 | -67.7% |
| Income taxes | 67/77 | €3,855 | €2,498 | -€1,357 | -35.2% |
| Profit (loss) for the period | 9904 | €21,557 | €5,704 | -€15,853 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,557 | €5,704 | -€15,853 | -73.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.